5m could be stuck in ‘rent trap’ forever

Two thirds of people living in private rented homes could be trapped into renting forever as they are unable to put any money aside for a house deposit, new research from Shelter shows.

Polling of private renters in England for Shelter has found that 5m people – 66 per cent of renters – are stuck in the “rent trap”. The situation for is getting worse, with the proportion of renters not saving anything towards a deposit jumping by 13 per cent in two years, the YouGov poll shows.

What We Think…

With the housing situation in the UK seemingly becoming beyond an entire generations affordability the term Generation rent was forged. It describes how that generation has been priced out of the market for property and are locked into an unforgiving and inflexible rental market .
It’s shocking to see how many websites there are out there that use the term Generation Rent to inform landlords and homeowners how best to exploit them.
That’s why we chose to launch Generation-rent.com, to give those who are trapped in this demoralising position a voice and a place to gain further insight into why this has happened to them.